The drama, which also stars Alexandra Breckenridge, focuses on two young female detectives who are as comfortable solving cases as they are discussing fashion and pop culture.
Deadline reports that Ferlito will play Stone opposite Breckenridge's Cooper.
Ferlito has previously starred in 24 and CSI: NY and recently appeared in the movie Wall Street: Money Never Sleeps.
Cooper & Stone has been penned by Life producer Laurie Arent.
> Riley Smith boards Cooper & Stone pilot